Question

Amazon.com, Inc.’s financial statements are presented in Appendix D. Financial state-ments for Wal-Mart Stores, Inc. are presented in Appendix E. Instructions for accessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial state-ments, are also provided in Appendices D and E, respectively.Instructions(a) Based on the information contained in these financial statements, determine the following for each company. (1) Total assets at December 31, 2011, for Amazon and for Wal-Mart at January 31, 2012. (2) Receivables (net) at December 31, 2011, for Amazon and for Wal-Mart at January 31, 2012. (3) Net sales (product only) for year ended in 2011 (2012 for Wal-Mart). (4) Net income for the year ended in 2011 (2012 for Wal-Mart).(b) What conclusions concerning these two companies can be drawn from these data?